India will allow 100% foreign direct investment in the manufacture of satellite systems without official approval and eased the rules for launch vehicles, a government statement said, aiming for a greater share of the global space market. India’s space ambitions got a boost when it became the first country to…
Satellite operator Telesat has given space tech firm MDA a CAD 2.1 billion (nearly Rs. 12,950 crore) contract to build 198 satellites for its low-earth orbit program. The deal announced on Friday sparked a more than 45 percent surge in both Telesat’s Canadian and US shares, putting them on track…
A 38-year-old retired NASA satellite is about to fall from the sky. NASA said Friday the chance of wreckage falling on anybody is “very low.” Most of the 5,400-pound satellite will burn up upon reentry, according to NASA. But some pieces are expected to survive. The space agency put the…
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